Comment by rybosworld
8 hours ago
For a country that prides itself on CapItAlIsM, U.S. healthcare is the farthest thing from it.
- Doctors and hospitals don't compete on price
- Prices aren't just opaque, they are unknowable
- Shopping around is not possible
- Insurer incentive is to maximize billing (cost). They pass along cost as increased premiums to an employer. Employer passes along increased costs to employee as below-inflation wage increases
Capitalism doesn’t work well for goods with inelastic demand. Every other developed country understands this and has a nationalized system. The only reason we don’t have universal healthcare is basically unlucky flukes.
> The only reason we don’t have universal healthcare is basically unlucky flukes.
You think its a fluke and not intentional corruption of the system? These companies pays both parties a lot so nobody will ever fix this, that isn't a fluke that is just plain old corruption.